2009
2009 Winner Profile
NetSpend
- Project Description: NetSpend deployed a system to automate the end-to-end processing of the more than 1 million transactions that occur each day for MasterCard and Visa prepaid debit cards. NetSpend says its new system can calculate and pay commissions to partner organizations in real time, replacing a manual process and helping to eliminate more than $2 million in personnel costs. In addition, the new financial infrastructure has improved top-line revenue by as much as 7 percent.
- Project type: BI, Databases, ERP
- Business Functions: Accounting & finance, Marketing, Sales
- Business Goal: Strategic/Competitive advantage
- CIO: $model.cio100.cioFirstName DeVoglaer, CIO
- CEO: Daniel Henry, CEO
- Headquarters: Austin, Texas
- Industry: Financial Services
- Revenue (2008): $75 million
- Website: www.netspend.com
